Authorities of the People’s Bank of China (PBoC) are on the neck of the cryptocurrency industry once again. This time around, they have issued a notice to local institutions, warning them against providing services to crypto-related companies. The Chinese government has ramped up its anti-crypto activities in the past few weeks, causing several local crypto […]
Mechanicville Power Station 1897, the world’s oldest 3-phase power plant, has announced that it is going into Bitcoin (BTC) mining. The firm noted that it would use some of the power it produces to carry out the undertaking. Jim Besha, the Albany Engineering Corp CEO, noted that the aged 3-phase AC hydropower plant considers Bitcoin […]
The rapid rise of cryptocurrency across the globe has left many scratching their heads. When Bitcoin suddenly shot up to over $60,000 last year and subsequently fell back down to just under $35,000, it raised questions about the stability of crypto. Yes, it’s true that crypto is a volatile and fast-evolving industry, but it may […]
Following a prolonged consolidation around the $35k level, Bitcoin (BTC) is now in correction mode after falling by over $2k in a few hours. As expected, most altcoins are also in the red, which has dragged the valuation of the total crypto market down by $100 billion since yesterday’s high. The benchmark cryptocurrency entered last […]
On-chain analytics company Santiment recently revealed the Bitcoin (BTC) whales bought a staggering 60,000 BTC in one day, the largest daily acquisition in 2021. Santiment further noted whale addresses currently hold about 9.12 million BTC, 100k more than it was about six weeks ago. While many retail investors have panicked since Bitcoin began its selloff, […]
Lead JP Morgan analyst Nikolaos Panigirtzoglou has commented on when he expects the prevailing Bitcoin (BTC) bear run to end. In a recent interview with CNBC, the analyst asserted that Bitcoin would reenter a bull market once its market dominance exceeds 50%. Panigirtzoglou noted that: “A healthy number there, in terms of the share of […]
NYDIG and enterprise payments company NCR Corporation has just signed a partnership that would see 650 US banks offer Bitcoin (BTC) and crypto purchases to millions of customers. The new partnership got announced by a Forbes article posting on Wednesday highlighting details of the deal. After the rollout, financial institutions will have the capacity to […]
Due to the ongoing crackdown of Bitcoin (BTC) miners in China, the rate of newly-minted coins has dropped dramatically to 58 new coins daily, according to a report by Glassnode. Meanwhile, mining revenue has plunged to record lows over the last month, as the Bitcoin community fixates its focus on the upcoming difficulty adjustment. According […]
BTCC, the company behind one of the most prolific exchanges in Asia, has announced that it has ended its cryptocurrency-related operations. The company noted that it sold all its shares in the Singapore exchange ZG.com in May 2020. Most cryptocurrency exchanges quartered in China fled to other countries during the first crypto crackdown in 2017. […]
